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The main difference between electricity and gas is that gas can be stored and electricity cannot....

The main difference between electricity and gas is that gas can be stored and electricity cannot. How does that make electricity market regulation different from gas market regulation? And where is it identical?

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Answer #1

Similarities:
1. Both are regulated through an authority or regulators where the selection of service provider is left to the consumer
2. Here the agency works towards safeguarding the interest of consumers in order to avoid exploitation of consumers
3. Suppliers buy energy in a competitive market wholesale market and sell it on to customers.
Differences:
1. The options for selection of service provider is more in gas market when compared to electricity
2. Natural gas producers and marketers are not directly regulated as compared with Electricity

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